A funeral may become a heavy burden upon family once the moment arrives to lay a loved one to rest. A funeral is an emotionally as well as financially taxing event. It is worth preparing for the funeral beforehand in order to have some measure of solitude at the hour. It is also worth preparing for it financially so that the ceremonies can be carried out by funeral planners with ease of access to funds that have already been arranged and reserved. However, sometimes a family member’s death can take everyone by surprise, and funeral insurance may not have even been thought about or sorted. For anyone that could struggle with covering the expenses of a funeral, they may wish to check out their other options to receive discounts or expense waivers.
Components of funeral costs
Funeral insurance covers all costs directly related to the funeral. Funeral costs can be divided into 5 components. It includes the service fee of the funeral director whose assistance you have employed, to ensure every element of the funeral is taken care of on your behalf. You should communicate your needs to the director while planning your funeral. Aside from that, the other costs include the costs of the coffin or casket, and cemetery or crematoria charges that will need to be addressed separately as they are set by individual cemeteries. Get to know more about the costs involved by checking out what different Funeral Insurance companies offer you in their policies to assist with these expenses.
What families face
A funeral involves many aspects and tasks. One of which is finding the right funeral celebrant to conduct prayers, hymns, order of the service, and more. Organizing a funeral involves making numerous logistical arrangements. This includes choosing a funeral home, selecting burial or cremation options, deciding on a location for the service, and coordinating transportation for the deceased and attendees. Families may want to personalize the funeral service, which involves selecting specific readings, music, and tributes.
Different cultures and religious beliefs have various funeral customs and traditions. Families may need to navigate these practices while ensuring the wishes of the deceased are respected. Families often need to deal with legal and administrative tasks. Moreover, they need to obtain a death certificate, notify government agencies and financial institutions, and handle the deceased’s estate and will.
Additionally, funerals can be a deeply emotional event. It is a time when family and friends come together to honor the life of the deceased, offer support to one another, and say their final goodbyes. Families also face a financial burden when not prepared. Unexpected challenges can arise, such as disagreements among family members, conflicts over funeral arrangements, or other unforeseen issues that add to the emotional burden.
Choosing to prepare for and pre-plan your funeral to protect your family from the emotional turmoil upon a passing is a prudent decision. It instils a sense of confidence in yourself or your loved one before passing on that you are not leaving unfinished business behind. A family faced with an unexpected death will need to curtail their existing commitments in life in order to provide a respectful funeral, and being prepared beforehand will be a great source of tranquillity for them. The proceeds from an insurance claim will help family members continue on living life, lessening the tumult, and allowing a smooth transition to life without a departed loved one.
You can take out an insurance policy on behalf of a family member if they do not have the means to do so themselves. Family insurance policies allow you to pay premiums on a family member’s behalf if they do not have the means to do so. All that is needed is that their name exists on the policy as the insured person and thus the policy owner.
Discuss funeral insurance
Discussing the subject of funeral insurance can be a delicate matter, especially with those who are closer to a natural departure from the world. You should discuss the issue as a desire to give a send-off they hope for themselves. When the subject is open, you may bring up the merits of funeral insurance and planning ahead. You can further direct them to visit funeral directors or consult online resources. Once they understand what is involved, they may also grasp the necessity of the insurance plan.
Conclusion
A funeral can cost up to $15,000 and can be one of the most expensive things a family needs to pay for in life. If you wish to protect your family from further ache and distress, you should be prepared in advance for the funeral. Protect your family financially and emotionally with everything provided for.
Veeramachineni Lalitha
I am Finance Content Writer. I write Personal Finance, banking, investment, and insurance related content for top clients including Kotak Mahindra Bank, Edelweiss, ICICI BANK and IDFC FIRST Bank. My experience details : Linkedin